Financial Performance - The company's operating revenue for Q1 2025 was ¥136,710,017.72, representing a 26.54% increase compared to ¥108,035,872.53 in the same period last year[4] - The net profit attributable to shareholders was -¥11,119,190.23, a decrease of 343.20% from -¥2,508,846.88 year-on-year[4] - The net cash flow from operating activities was -¥28,769,760.80, reflecting a 269.77% decline compared to -¥7,780,526.33 in the previous year[4] - The basic and diluted earnings per share were both -¥0.07, a decrease of 250.00% compared to -¥0.02 in the same period last year[4] - The total operating profit for Q1 2025 was a loss of ¥7.25 million, compared to a loss of ¥3.41 million in Q1 2024[19] - Net loss for Q1 2025 was ¥11.51 million, compared to a net loss of ¥2.71 million in Q1 2024, representing a significant decline[20] Research and Development - Research and development expenses totaled ¥26,326,616.66, an 18.62% increase from ¥22,193,721.55, with R&D expenses accounting for 19.26% of operating revenue[5] - Research and development expenses increased to ¥26.33 million in Q1 2025, up 18.5% from ¥22.19 million in Q1 2024[19] - Research and development expenses increased to ¥15,698,155.74 in Q1 2025, up from ¥12,108,562.69 in Q1 2024, marking a rise of 29.5%[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,550,497,112.74, a 1.91% increase from ¥1,521,490,086.30 at the end of the previous year[5] - As of March 31, 2025, the total current assets amounted to RMB 1,200,565,306.15, an increase from RMB 1,166,671,810.94 as of December 31, 2024, reflecting a growth of approximately 2.9%[14] - Total liabilities as of March 31, 2025, were RMB 670,576,283.01, compared to RMB 634,087,575.04 at the end of 2024, marking an increase of about 5.7%[16] - The total equity attributable to shareholders decreased to RMB 880,538,988.60 from RMB 886,733,327.97, reflecting a decline of approximately 0.6%[16] - The total assets reached RMB 1,550,497,112.74, up from RMB 1,521,490,086.30, which is an increase of about 1.9%[16] Cash Flow - Cash flow from operating activities showed a net outflow of ¥28.77 million in Q1 2025, worsening from a net outflow of ¥7.78 million in Q1 2024[23] - The company's cash inflow from operating activities was ¥275,918,618.29, compared to ¥212,835,556.40 in Q1 2024, showing an increase of 29.6%[33] - Cash inflow from financing activities amounted to $60 million, while cash outflow was $191.67 thousand, resulting in a net cash flow of $60 million[34] Inventory and Receivables - The accounts receivable decreased significantly to RMB 396,469,767.81 from RMB 533,715,651.73, representing a decline of approximately 25.7%[14] - Inventory levels rose to RMB 374,946,867.24, up from RMB 298,381,208.37, indicating an increase of around 25.6%[14] - The company reported a significant increase in accounts receivable, totaling ¥332,934,667.86, down from ¥451,249,672.25, indicating a decrease of 26.3%[26] - The inventory level rose to ¥384,880,670.61, compared to ¥307,600,299.25 in the previous year, reflecting an increase of 25.1%[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,119[11] - The company has not reported any significant changes in shareholder relationships or actions regarding the top ten shareholders[12] Operational Insights - The company is focusing on market expansion and new technology development, which has led to increased expenses during the reporting period[8] - There were no applicable reminders for investors regarding the company's operational situation during the reporting period[13] Future Considerations - The company plans to implement new accounting standards starting in 2025, which may affect the financial statements[34]
智洋创新(688191) - 2025 Q1 - 季度财报